What it measures
Gross Domestic Product measures the value of goods and services produced in Australia. The calendar shows real growth quarter on quarter, not annualised.
Who publishes it and when
The ABS publishes the national accounts at 11:30 Sydney time, about two months after the end of the quarter.
How it is put together
The ABS combines data on spending, income and production. Several partial indicators, such as business investment and trade, are released in the days before, so economists can estimate the result closely.
What traders watch
Traders look at household spending, productivity and growth per person, which say more about the economy than the headline when the population is growing fast.
How markets have usually reacted
Because much is known in advance, moves are usually moderate. A clear surprise has sometimes moved the Australian dollar in its direction.
Common mistakes
- Comparing it with U.S. GDP, which is shown as an annual rate.
- Ignoring how old the data is.
How a higher or lower figure is usually read
Faster growth than the previous reading is usually read as supportive for the Australian dollar; slower growth as negative. Not a signal.
Release history
No past releases recorded yet.
Related news
- Reserve Bank of Australia Rate Decision (cash rate)
- Australia Monthly CPI
- China GDP
- Economic calendar: every release this week in your time zone
- Lot size calculator: keep your risk the same around news
- How to use an economic calendar: what happens around a release, and how to plan for it
Trading involves a high risk of loss. This page is information and education, not advice or a signal to trade. See the Risk Disclaimer.
Official source
Source: Australian Bureau of Statistics, licensed under CC BY 4.0.
Published by Australian Bureau of Statistics (ABS): www.abs.gov.au